NewCo Daily July 17, 2017
Watson Slapped, Is Content King?, and a Call for Antitrust from…the Journal?
Welcome back to the Daily. We’re back to our Monday-Wednesday-Friday schedule, but absent our fearless writer, Scott Rosenberg, who’s moved on to a publication we all love, Backchannel. I’ll be writing the Daily for now, please be gentle with me, as Scott’s prose is hard to match. But for today, enjoy what seems to be a building narrative: the role of tech in society is getting a bit too big for its own britches.
It Ain’t Elementary, Watson
IBM’s stock suffered a high profile downgrade late last week, thanks to an analyst report which essentially called bullshit on Watson, IBM’s high-profile “AI as a service” unit. The report, from investment bank Jeffries, used the failure of a cancer diagnosis project at M.D. Anderson as a jumping off point to conclude that IBM’s significant investments in Watson would fail to return shareholder equity anytime soon. Jeffries also pulled data from major jobs posting sites that showed IBM to be far behind Amazon, Facebook and Microsoft when it comes to attracting AI-related talent. That’s a problem for a company that has made Watson the center of its public brand (you did see the ads with Bob Dylan and Serena Williams, right?).
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